Solaris Energy Infrastructure (NASDAQ:SEI) Price Target Raised to $23.00 at Stifel Nicolaus

Solaris Energy Infrastructure (NASDAQ:SEI) had its price objective boosted by Stifel Nicolaus from $15.00 to $23.00 in a report issued on Wednesday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Separately, Pickering Energy Partners raised shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday.

Solaris Energy Infrastructure Trading Up 17.9 %

SEI opened at $16.53 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.25 and a quick ratio of 1.10. The stock has a market capitalization of $727.32 million, a PE ratio of 37.57 and a beta of 1.22. Solaris Energy Infrastructure has a 12-month low of $6.59 and a 12-month high of $16.85.

Solaris Energy Infrastructure (NASDAQ:SEI) last issued its earnings results on Thursday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. The business had revenue of $73.89 million during the quarter, compared to analyst estimates of $70.00 million. Solaris Energy Infrastructure had a return on equity of 7.62% and a net margin of 4.80%. On average, research analysts anticipate that Solaris Energy Infrastructure will post 0.52 earnings per share for the current fiscal year.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.90%. Solaris Energy Infrastructure’s dividend payout ratio is currently 109.09%.

Solaris Energy Infrastructure Company Profile

Solaris Oilfield Infrastructure, Inc designs and manufactures specialized equipment for oil and natural gas operators in the United States. The company provides mobile proppant and fluid management systems, as well as last mile logistics management services. It offers systems, mobilization, and last mile logistics services that are used to unload, store, and deliver proppant, water and/or chemicals at oil and natural gas well sites.